TSX:DPM

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Dundee Precious Metals

Executive Summary

Dundee Precious Metals Inc., a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Dundee Precious Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DPM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.2%

DPM

2.5%

CA Metals and Mining

0.6%

CA Market


1 Year Return

114.1%

DPM

50.9%

CA Metals and Mining

-7.5%

CA Market

Return vs Industry: DPM exceeded the Canadian Metals and Mining industry which returned 50.9% over the past year.

Return vs Market: DPM exceeded the Canadian Market which returned -7.5% over the past year.


Shareholder returns

DPMIndustryMarket
7 Day3.2%2.5%0.6%
30 Day6.3%3.1%-1.1%
90 Day22.2%26.9%6.6%
1 Year116.1%114.1%52.0%50.9%-4.2%-7.5%
3 Year312.6%308.7%62.4%59.1%10.0%-0.6%
5 Year339.9%335.8%185.7%177.1%42.3%20.3%

Price Volatility Vs. Market

How volatile is Dundee Precious Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dundee Precious Metals undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DPM (CA$9.85) is trading below our estimate of fair value (CA$26.44)

Significantly Below Fair Value: DPM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DPM is poor value based on its PE Ratio (200.5x) compared to the CA Metals and Mining industry average (24.8x).

PE vs Market: DPM is poor value based on its PE Ratio (200.5x) compared to the Canadian market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: DPM is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: DPM is good value based on its PB Ratio (2x) compared to the CA Metals and Mining industry average (2.9x).


Next Steps

Future Growth

How is Dundee Precious Metals forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

46.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DPM's forecast earnings growth (46.1% per year) is above the savings rate (1.7%).

Earnings vs Market: DPM's earnings (46.1% per year) are forecast to grow faster than the Canadian market (23.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DPM's revenue (3.4% per year) is forecast to grow slower than the Canadian market (5.5% per year).

High Growth Revenue: DPM's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DPM's Return on Equity is forecast to be low in 3 years time (13%).


Next Steps

Past Performance

How has Dundee Precious Metals performed over the past 5 years?

16.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DPM has a large one-off loss of $103.3M impacting its June 30 2020 financial results.

Growing Profit Margin: DPM's current net profit margins (1.2%) are lower than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: DPM has become profitable over the past 5 years, growing earnings by 16.9% per year.

Accelerating Growth: DPM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DPM had negative earnings growth (-80%) over the past year, making it difficult to compare to the Metals and Mining industry average (56.4%).


Return on Equity

High ROE: DPM's Return on Equity (0.9%) is considered low.


Next Steps

Financial Health

How is Dundee Precious Metals's financial position?


Financial Position Analysis

Short Term Liabilities: DPM's short term assets ($187.6M) exceed its short term liabilities ($96.8M).

Long Term Liabilities: DPM's short term assets ($187.6M) exceed its long term liabilities ($70.6M).


Debt to Equity History and Analysis

Debt Level: DPM is debt free.

Reducing Debt: DPM has no debt compared to 5 years ago when its debt to equity ratio was 19.2%.

Debt Coverage: DPM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DPM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Dundee Precious Metals's current dividend yield, its reliability and sustainability?

1.07%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: DPM's dividend (1.07%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.77%).

High Dividend: DPM's dividend (1.07%) is low compared to the top 25% of dividend payers in the Canadian market (5.72%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DPM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DPM's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (107.4%), DPM's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

David Rae (59 yo)

0.33

Tenure

US$1,356,608

Compensation

Mr. David Rae has been Director of Dundee Precious Metals Inc. since January 1, 2020. Mr. Rae has been Chief Operating Officer and Executive Vice President at Dundee Precious Metals Inc. since May 6, 2014. ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD792.58K) is below average for companies of similar size in the Canadian market ($USD2.06M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
David Rae
President0.33yrUS$1.36mno data
Hume Kyle
Executive VP & CFO9.25yrsUS$1.28mno data
Kelly Stark-Anderson
Executive VP of Corporate Affairs3yrsUS$797.29kno data
Michael Dorfman
Executive Vice President of Corporate Development8.83yrsUS$874.83k0.0094%
$ 167.4k
Matthieu Risgallah
Vice President of Technology1.25yrsno datano data
Jennifer Cameron
Director of Investor Relationsno datano datano data
Alex Wilson
Vice President of Human Resources2.33yrsno datano data
Iliya Garkov
VP & MD of Bulgaria1.67yrsno datano data
Sylvia Chen
Global Controllerno datano datano data
Hadia Chaudhry
Legal Counselno datano datano data

2.3yrs

Average Tenure

57.5yo

Average Age

Experienced Management: DPM's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anthony Walsh
Independent Director8.67yrsUS$219.00k0.00030%
$ 5.4k
R. Gillin
Lead Independent Director7.42yrsUS$263.00k0.0083%
$ 147.8k
Jonathan Goodman
Chairman of the Board7.42yrsUS$381.25k0.22%
$ 3.9m
Peter Nixon
Independent Director18.25yrsUS$210.50k0.0029%
$ 51.2k
Donald Young
Independent Director10.33yrsUS$234.75k0.00094%
$ 16.8k
Marie-Anne Tawil
Independent Director4.83yrsUS$210.25kno data
Jeremy Kinsman
Independent Director13.67yrsUS$220.50k0.012%
$ 221.6k
Juanita Montalvo
Independent Director3.58yrsUS$218.75kno data

8.0yrs

Average Tenure

69.5yo

Average Age

Experienced Board: DPM's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DPM insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dundee Precious Metals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dundee Precious Metals Inc.
  • Ticker: DPM
  • Exchange: TSX
  • Founded: 1983
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$1.784b
  • Shares outstanding: 181.17m
  • Website: https://www.dundeeprecious.com

Number of Employees


Location

  • Dundee Precious Metals Inc.
  • 1 Adelaide Street East
  • Suite 500
  • Toronto
  • Ontario
  • M5C 2V9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DPMTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 1983
DPUDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1983
DPML.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1983

Biography

Dundee Precious Metals Inc., a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. The company's principal operating ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 06:02
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.